Statement From the Honourable Jim Carr on TransCanada's Decision to Cancel the Energy East Pipeline Project

OTTAWA, Oct. 5, 2017 /CNW/ - "The Government of Canada stands firmly behind the energy sector as a source of good, middle-class jobs. We have promised to develop Canada's resources in a way that creates jobs, spurs innovation, contributes to our quality of life and enables us to leave a cleaner planet for future generations.

"TransCanada Pipelines' decision to cancel the Energy East Pipeline project was a business decision.

"Our government has approved two major export pipelines that are now under construction, and a third is expected to start soon. The Trans Mountain expansion and Line 3 projects alone represent over $11.6 billion in investment and will support thousands of jobs.

"In making the decision to approve these projects, our government took into consideration a wide variety of information, data and scientific evidence, including the National Energy Board's recommendation report, the views of Canadians and enhanced consultations with Indigenous peoples.

"Our government would have used the same process to evaluate the Energy East Pipeline project that saw the Trans Mountain expansion and Line 3 projects approved. Nothing has changed in the Government's decision-making process.

"While we recognize the current market challenges related to lower commodity prices, we are seeing signs of growth in the sector.

"Canada is open for business. We offer a stable and predictable investment climate, world-class energy reserves, proximity to global markets, a skilled workforce and enabling services and technology.

"Our approach is growing the economy, creating jobs and building strong communities from coast to coast to coast."

These press releases may also interest you

DENSO Corporation and BlackBerry Limited announced today the companies have jointly developed the world's first integrated HMI (Human Machine Interface) platform. Intel Corp. also collaborated in the development of this product.
The...

68% of Chinese theme park visitors will spend up to four times more than normal on food and drink if they can use mobile phone apps to order in advance, research by Omnico has found.
65% will spend up to four times the average if they can use...

BSM Technologies Inc. ("BSM" or the "Company") , a leading provider of real-time GPS fleet and asset management solutions, today announced its financial and operating results for the three and twelve months ended September 30, 2017 (the "Fourth...

VantagePoint Software, using patented Artificial Intelligence technology to predict stock market trends and trend changes made the official announcement today that traders can now use the software to forecast Cryptocurrencies.
As a result of the...

viiz communications, a leader in voice and platform services for the telecommunications industry, yesterday hosted the grand opening of its new call center in Anniston, AL. viiz has created 75 new local jobs at this center, and they expect to double...